Hi Nit,The two scenarios you are talking about would work in the same way. Whether you have your $20k sitting in the redraw of the Basic Home Loan, or in an Offset Account variable loan – you will still be paying interest on the amount ($300k minus your $20k) and you still have the funds available to you should you need them.Main things to…[Read more]

Thanks Kenny, magic mate. I don't think that was the same site as I was using but the search and format is almost identical so I'll take it! Cheers mate.

Thanks Shivasko, that wasn't the one unfortunately but it is very good nonetheless! This is driving me nuts…. It was such a good site!

Thanks so much for the report Mike – it is FANTASTIC! It is filled with so much valuable information and it was delivered so quickly! Thanks again Mike – I look forward to using your services again in the future!

Thanks again Mark. I have quite a collection myself. I enjoy the books most that have short stories of real people sharing their Investing experiences. Most of these books are back from the late 90's and early 00's where they were buying and selling properties for under $100k and nearly every deal had a rental return of 10%+. It would be good to…[Read more]

Thanks Mark. Looks like you can download the book for free on Chris' website too (http://www.yourempire.com.au). I will check it out over the next few days!

Hi Mike,Thanks for the kind offer. Are you able to provide reports on SA properties at all?Cheers,Matt.

That is a good book Marshes – Steve's books are what got me obsessed with property! Too bad he doesn't have any more recent ones…. (hint hint) Haha!On the same topic – does anyone know any good investing books that have been written recently and take into account current property prices and cycle? All the old books (which I love and still have…[Read more]

Some people just have no morals… I am shocked by your story but cannot say I am all that surprised…. Sorry you had to go through that!

Hi Glennsa,I work for a Bank, and I cannot see any Bank having a problem with that. As long as you stay within your approved limit for your LOC then you will be fine. The only other thing worth considering is that I believe it can affect you at Tax time somehow…. I will leave it to one of the taxation experts to fill you in on any possible…[Read more]

Thanks Mary. I have and still are reading many property books, have done extensive research on-line and listened in to many teleconferences. As well as this I have spent a lot of time researching Real Estate and their values in my area. The one area I really want to spend time researching is with the sub-division process. I really have little…[Read more]

Thanks again Mary – I will do some more investigation with the council! Sounds great though I cannot wait to get started!!!!!

Sounds like you have been busy Mary! Good work though – looks like you have been making a real go of it and doing some great work! I do agree there is lots of research that needs to be done in the current market. I would love to start off by buying a large block, renovating the house and sub-dividing the and selling the vacant block of land.…[Read more]

Hi Mary,Thanks for the comment. My partner and I live in the North Eastern suburbs in a property we bought late last year. It has been my dream for quite some time to renovate / develop properties – so will be looking to go down the same path as you by the sound of it. We are currently renovating our PPOR to unlock some equity that we will use as…[Read more]

Haha that's fine Ash – not a problem at all. There are plenty of deals out there and the more people that can be successful the better! Feel free to let me know how you go too – always happy to hear success stories etc. It would be great if we could help each other out in finding more cash rich people to work with.

Hi Jebb,Sounds like you've given its lots of thought – that's a great start! You're coming back at a great time – given the latest interest rate cuts, finance is extremely affordable and there are lots of opportunities to find or make cashflow positive deals. My strategy is always to use my capital as a deposit to purchase as many cashflow…[Read more]

Hi Russ,Good on you for taking the first step with reading the books and getting on here! Positive cashflow properties are a lot harder to find than when Steve originally wrote his books! A lot of the time you have to add value or solve a problem to be able to create cash flow positive properties. Don't get me wrong though, there are still plenty…[Read more]

Sounds like you've built up quite a fan base bzmum! We are all really enjoying your renovation story! Sounds like you're doing a great job! Keep up the great work, and we look forward to hearing more from you soon!Cheers,Matt.

Hi Damian,I notice it has been around 6 weeks since your last post. How have you gone with your plans? Have you made any in roads? I am interested in hearing how you have gone and also what sort of properties you are planning to market to your potential customers. Are you finding positive cashflow properties or are you marketing yourself simply as…[Read more]

Thanks Courage Man! Coincedently, I actually just bought a book from an Investor Bookshop at lunch time and it is called 'An Intelligent Guide to Australian Property Development' by Ron Forlee….. What are the odds….. Anyway I will have a read over that and hopefully get started on my first project.Have you read this book? Do you have any…[Read more]